📚 LEARN MORE 💰 EARN MORE With ForecastCity What is a Range-Bound Market? A range-bound market is one in which price bounces between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to breakthrough. Likewise, the low price acts as a major support level in which price can’t seem to...
Idea just to identify the pattern. Homing pigeon, is a pattern where a small body candle is formed inside a big candle. It indicates weakening of the down trend. Wait for confirmation candle.
This is pure educational post, and this post is not for analysing further movement. Many viewers think why I am analysing Nifty on 15 min candlestick, well actually I analyze in multiple TF. If you're a nifty trader, then you need to realize the importance of even 5 min candlestick. One strong 5 min candlestick can be of 50/60 points of nifty. Imagine this one...
See Although Godrej Prop has triggered that has triggered as per the mechanical methods of Bollinger Band. Now it can obviously fall. We always have our 50% chance of being right. But this is a case I will avoid as “I think” it is a continuation of the uptrend. This is a short timeframe analysis and if we see the higher timeframe - The short triggers on the...
Amazon has form abc breaish pattern where b wave is triangle. It can come down up to 2580/2600 where c wave will equal to a wave
BTCUSD is in the built of a "Harmonic Deep Crab Pattern". It seems the demand and supply of the asset have been in a very volatile zone. If the asset breaks 30500 then the probability of the price to reach PRZ will be very high. Now, this PRZ will work as a supply zone for a short period or create momentum to boost the asset to the given bullish target.
SMS Pharma : Flag Bullish Pattern Breakout above 103 SL: 78 Target : 165++ as per technical... educational purpose only
disclaimer - based on personal view.
Seeing potential upside for buyers
#LINCPEN 189.85 | Accumulate with long term perspective upto 170 levels for at least 2x/3x+ gains Valuation/Growth : Decent Favorable Portfolio allocation : Upto 5% of Overall Capital
disclaimer - for education purpose based on personal view
The volatility index tends to rise usually contra to Nifty. Currently at 21 has caused large red candles in hourly time frame today, further upside could be more lethal. A daily close above 22.50 will move it towards 24 and above that towards 30. A rising VIX suggests intra day moves get vertical with gap openings. Getting caught on the wrong side can cause...
Usually type of pattern formed in all scripts in 5 mins time frame. Rule: 1 - First candle should be bullish candle. Rule: 2 - next 3 to 4 candles should be bearish or doji or bullish ( not closing above previous candle) Rule: 3 - 3rd or Fourth candle should not close below 1st candle. if so the next candle will be bullish candle. Entry point will be 1 candle...
pls refer chart